Saturday, 25 Mar 2023
British-Omani Technology Gateway to help startups

British-Omani Technology Gateway to assist startups

Yousef al Harthy, CEO of OTF, and Dominic Perks, CEO and co-founder of Hambro Perks, signed the MoU at HP’s workplace in London. According to OTF, the gateway will facilitate the expansion of Omani technologies startups into the British industry it will assist decrease the price of getting into new markets.

The gateway will enable UK-primarily based startups from HP’s portfolio to access Oman’s technologies eco-program via OTF. It will also enable technologies startups from OTF’s portfolio and different accelerator programmes an chance to be primarily based at HP’s eco-program and working space in Central London, with a very first cohort planned in November 2018, according to a Forbes Middle East report.

“The gateway establishes a close working relationship for technology investment opportunities between the UK and Oman,” Perks told Forbes.

“We are glad to be able to support UK-based startups that are looking to expand into the Omani market and the wider Middle East region. Moreover, Oman and the region have various exciting opportunities for HP as we start to invest globally and we are excited to explore this potential with the help of OTF. It promises to be a fruitful, rewarding and long-term relationship,” he mentioned.

Harthy mentioned, “OTF is looking forward to start implementing this important MoU as it opens the doors for startups from both countries to expand into new markets more efficiently and with the help and support of our two organisations.”

OTF is backed by the Government of Oman in investing in emerging technologies enterprises in Oman and the wider area.

Information Source: Muscat Daily

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